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RyanRattazzi started the topic Risk Management Team in the forum Project Management Process and Medical Device Development 6 years, 7 months ago
In the lecture slides this week, we learned about all things risk management. Starting in the planning phase, a part of DDP is to do risk analysis to determine the probability some undesired consequence will occur in order to decide whether or not to do a project. Risk Management looks at all areas of a project, and specifically how something can fail, the severity of the consequences, and the probability of occurrence. All of this is handled by the “Risk Management Team.” The risk management team is apparently often comprised of the same people who are on the project team. My question stems from the seeming lack of rigid guidelines based on risk. There is obviously a grey area on when to shut down or continue a project with assessed risk, but when the project leader / risk team leader has a personal connection to the project, are there times where this grey area is stretched much farther than it should be in order to keep going with a risky project? And what happens to those projects?